Sportingbet takes a nose dive

The re-listed AIM stock of Sportingbet took somewhat of a massive nose dive today seeing over 40 per cent of its value wiped off as investors distance themselves from the stock. Although a dive was expected it’s widely thought that 43 per cent is a little too aggressive and the stock will make a slight recovery, perhaps even by the end of the day.

However, the news doesn’t stop there. It’s thought that there will be other arrests to follow but the Louisiana authorities have declined to provide more information.
Peter Dicks, 64, has been released on bail in New York while he fights extradition to Louisiana on criminal charges of illegal Internet bookmaking. Sportingbet is the second foreign company to be caught up in a government crackdown in the U.S. on illicit online gambling.

Editor, - 2006-09-11 15:18:29

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